Who here regularly make $$ by playing Hold'em online?

[Brackis]

I don't bother with online poker much simply because the rampant amount of "collusion" that can go on. Basically there is nothing from stopping me from getting 2 pals and talking to each other over the phone and taking someone for every penny they bring to the table because we all know what each other has. Eeeking out a small profit and some entertainment from the low stakes tables is fine, but I wouldn't feel comfortable playing big abmount where I can't see my opponents and see the deck of cards.
Online Casino Bonus hunting is where it is at see sig

 

[lobadobadingdong]

Originally posted by: amoeba

Originally posted by: lobadobadingdong
I'm trying it for the first time today on yahoo's free games as we type.

edit:
so far I suck at this game.

edit: I'm finally up $43 easy when you find agressive players
edit: up $108 now.
edit: quiting tonight up $88.

fake money games are not indicative of how good you are.

once you know the rules, read up on strategy and move to real money.

I may do that if I can start out cheap, where are the $.01 ante tables at?

up $440 after 1 hr today on the yahoo games. (started out with $1000 fake moneys)

 

[DBL]

Originally posted by: amoeba

Originally posted by: FoBoT
so if someone plays the 50/5 buy in (playmoney only) tournaments at partypoker and gets into the money (final 3) about 1/3 of the time, how good is that on a scale of 1 to 10?

its play money. doesn't count. You'll see 7 people push all in before the 5th hand alot of times. and if you are lucky enough to win that huge luckfest then you end up winning first. Or you fold and go on to win 3rd or 2nd.

even $5/1 real money tourneys are loose as hell. $5/1 sngs on party are the worst games for you money in my opinion. complete crapshoot.

I agree with you when you say that play money is not a good indicator of ones poker skills. However, it has nothing to do with it being a huge luck-fest IMO. With play money, since people will play horrible hands, it should be many times easier to win. It's just that you can't let that give you false confidence and move to real money assuming the competition is going to play as horribly as w/ play money. So, if you can't win w/ play money than don't waste your time w/ real money tables.

As for strategy in limit, the original poster claimed that his friend was making $400/week at .5/1 and he was doing this by folding anything less than Jx. Honestly, I have a hard time believing anybody could make that kind of return in limit .5/1 and certainly not when playing any hand better than Jx. In fact, Jx is a worse hand than the average hand of Q7. If he has in fact made that kind of money in a week, it is due only to luck, which will eventually even out.

One thing people need to realize is that the most profitable player over a given time period is not necessarily the best, but often only the luckiest. It is this same player who will start losing big when their luck changes. The best players are going to make a relatively consistent amount over a decent range of hands (5k - 10k) but never as much in a short time-frame as a poor player who has had the benefit of luck. This is simply b/c a good player will only play 20% - 30% of the time 10-handed and that includes the SB and BB.

IF you have $40 to spare, try this at the .5/1 level. Join two tables and with the exception of the BB and SB, and play hands according to the table located here

Starting Hands. This will require patience but you should see the benefit over a moderately long session. Of course, since there is a lot of luck involved, there is never any guarantee.

 

[amoeba]

My point is that while playing ABC poker, you will see a positive return in play money poker, your short term return will often pale compared to the Loose aggressivesaround the table.

New players who don't realize that long term, these loose aggressives will go bust might try to emulate these players.

and when I said luckfest. notice how I said play money NL sng tourney's. placing might not be a luck fest but getting first definitely is.

 

[amoeba]

Originally posted by: lobadobadingdong

Originally posted by: amoeba

Originally posted by: lobadobadingdong
I'm trying it for the first time today on yahoo's free games as we type.

edit:
so far I suck at this game.

edit: I'm finally up $43 easy when you find agressive players
edit: up $108 now.
edit: quiting tonight up $88.

fake money games are not indicative of how good you are.

once you know the rules, read up on strategy and move to real money.

I may do that if I can start out cheap, where are the $.01 ante tables at?

up $440 after 1 hr today on the yahoo games. (started out with $1000 fake moneys)

pokerstars has 1c/2c blinds no limit games. So does paradise I believe.

 

[Brackis]

Originally posted by: DBL

I agree with you when you say that play money is not a good indicator of ones poker skills. However, it has nothing to do with it being a huge luck-fest IMO. With play money, since people will play horrible hands, it should be many times easier to win. It's just that you can't let that give you false confidence and move to real money assuming the competition is going to play as horribly as w/ play money. So, if you can't win w/ play money than don't waste your time w/ real money tables.

As for strategy in limit, the original poster claimed that his friend was making $400/week at .5/1 and he was doing this by folding anything less than Jx. Honestly, I have a hard time believing anybody could make that kind of return in limit .5/1 and certainly not when playing any hand better than Jx. In fact, Jx is a worse hand than the average hand of Q7. If he has in fact made that kind of money in a week, it is due only to luck, which will eventually even out.

One thing people need to realize is that the most profitable player over a given time period is not necessarily the best, but often only the luckiest. It is this same player who will start losing big when their luck changes. The best players are going to make a relatively consistent amount over a decent range of hands (5k - 10k) but never as much in a short time-frame as a poor player who has had the benefit of luck. This is simply b/c a good player will only play 20% - 30% of the time 10-handed and that includes the SB and BB.

IF you have $40 to spare, try this at the .5/1 level. Join two tables and with the exception of the BB and SB, and play hands according to the table located here

Starting Hands. This will require patience but you should see the benefit over a moderately long session. Of course, since there is a lot of luck involved, there is never any guarantee.

Good post.
To add on...
...The thread says "who regularly makes $$ playing online poker" and you will see a multitude of positive responses, as if there is an endless supply of money to be snatched up from poker rooms. In reality, however, for ever person who says they have won money there will be more than 1 person who loses money. Not only are winners taking other peoples money, but the poker room takes a cut from everyahdn too. Thus, poker is basically a laymans stock market.
Playing casino bonuses is a lot safer way to make money "gambling" online, and is detrimental only to the casinos who are foolish enough to offer the money up.

 

[amoeba]

Originally posted by: Brackis

Originally posted by: DBL

I agree with you when you say that play money is not a good indicator of ones poker skills. However, it has nothing to do with it being a huge luck-fest IMO. With play money, since people will play horrible hands, it should be many times easier to win. It's just that you can't let that give you false confidence and move to real money assuming the competition is going to play as horribly as w/ play money. So, if you can't win w/ play money than don't waste your time w/ real money tables.

As for strategy in limit, the original poster claimed that his friend was making $400/week at .5/1 and he was doing this by folding anything less than Jx. Honestly, I have a hard time believing anybody could make that kind of return in limit .5/1 and certainly not when playing any hand better than Jx. In fact, Jx is a worse hand than the average hand of Q7. If he has in fact made that kind of money in a week, it is due only to luck, which will eventually even out.

One thing people need to realize is that the most profitable player over a given time period is not necessarily the best, but often only the luckiest. It is this same player who will start losing big when their luck changes. The best players are going to make a relatively consistent amount over a decent range of hands (5k - 10k) but never as much in a short time-frame as a poor player who has had the benefit of luck. This is simply b/c a good player will only play 20% - 30% of the time 10-handed and that includes the SB and BB.

IF you have $40 to spare, try this at the .5/1 level. Join two tables and with the exception of the BB and SB, and play hands according to the table located here

Starting Hands. This will require patience but you should see the benefit over a moderately long session. Of course, since there is a lot of luck involved, there is never any guarantee.

Good post.
To add on...
...The thread says "who regularly makes $$ playing online poker" and you will see a multitude of positive responses, as if there is an endless supply of money to be snatched up from poker rooms. In reality, however, for ever person who says they have won money there will be more than 1 person who loses money. Not only are winners taking other peoples money, but the poker room takes a cut from everyahdn too. Thus, poker is basically a laymans stock market.
Playing casino bonuses is a lot safer way to make money "gambling" online, and is detrimental only to the casinos who are foolish enough to offer the money up.

your comment might be valid. Nevertheless your partisan interest in the matter makes me take it less seriously. There are plenty of rakebacks, affiliates, bonuses, etc.... if the casinos didn't make money off of them, they wouldn't offer them.

 

[Brackis]

Originally posted by: amoeba

Originally posted by: Brackis

Originally posted by: DBL

I agree with you when you say that play money is not a good indicator of ones poker skills. However, it has nothing to do with it being a huge luck-fest IMO. With play money, since people will play horrible hands, it should be many times easier to win. It's just that you can't let that give you false confidence and move to real money assuming the competition is going to play as horribly as w/ play money. So, if you can't win w/ play money than don't waste your time w/ real money tables.

As for strategy in limit, the original poster claimed that his friend was making $400/week at .5/1 and he was doing this by folding anything less than Jx. Honestly, I have a hard time believing anybody could make that kind of return in limit .5/1 and certainly not when playing any hand better than Jx. In fact, Jx is a worse hand than the average hand of Q7. If he has in fact made that kind of money in a week, it is due only to luck, which will eventually even out.

One thing people need to realize is that the most profitable player over a given time period is not necessarily the best, but often only the luckiest. It is this same player who will start losing big when their luck changes. The best players are going to make a relatively consistent amount over a decent range of hands (5k - 10k) but never as much in a short time-frame as a poor player who has had the benefit of luck. This is simply b/c a good player will only play 20% - 30% of the time 10-handed and that includes the SB and BB.

IF you have $40 to spare, try this at the .5/1 level. Join two tables and with the exception of the BB and SB, and play hands according to the table located here

Starting Hands. This will require patience but you should see the benefit over a moderately long session. Of course, since there is a lot of luck involved, there is never any guarantee.

Good post.
To add on...
...The thread says "who regularly makes $$ playing online poker" and you will see a multitude of positive responses, as if there is an endless supply of money to be snatched up from poker rooms. In reality, however, for ever person who says they have won money there will be more than 1 person who loses money. Not only are winners taking other peoples money, but the poker room takes a cut from everyahdn too. Thus, poker is basically a laymans stock market.
Playing casino bonuses is a lot safer way to make money "gambling" online, and is detrimental only to the casinos who are foolish enough to offer the money up.

your comment might be valid. Nevertheless your partisan interest in the matter makes me take it less seriously. There are plenty of rakebacks, affiliates, bonuses, etc.... if the casinos didn't make money off of them, they wouldn't offer them.

I can see why my opinion is taken cum grano salis, but my fundamental point is...
Smart strategies at online casinos: Benefits the intelligent player and hurts the casino
Smart Strategies at online poker rooms: Benefits the intelligent player, hurts other players, benefits the poker room.

Honestly I find gambling boring, the odds are always going to be stacked against you and people as a whole will lose money to an anonymous 3rd party who could care less about them. Thus I play a lot of poker, but only live games.

 

[amoeba]

I just believe that its much easier to beat other players than beat the house.

Maybe I'm not that humanitarian, but if I'm beating other players and taking their money, so be it.

 

[amoeba]

and to the OP's claim of his friend making $400 a week from .50/1 limit tables, I agree with DBL that I find it highly unlikely.

Although it is doable though.

a good but not extraordinary win rate at limit poker is probably 2 big bets /100 hands. lets just say 2 big bets /hour.

thats $2/hour per table.

if you multitable 8 tables, thats $16/hour.

if you play 25 hours a week, you can probably reach $400 a week.

doable but strenuous.

 

[BaboonGuy]

1. How much do you make per week?

Depends, but a lot (think $1,000+)

2. How many hours do you play a week?

Depends, probably at least 20 hours.

3. What kind of hold'em do you play? (NL, R/F, Limit)

NL

4. Where do you play and why?

A lot of places, there are fish everywhere.

5. How big do you play? (A friend of mine makes a good $400 a week playing .50c/$1 tables)

2/4 NL

 

[amoeba]

2/4 NL is a pretty big game.

I strive to build up my bankroll enough so that I can move up to those limits.

 

[Brackis]

Originally posted by: BaboonGuy
1. How much do you make per week?

Depends, but a lot (think $1,000+)

2. How many hours do you play a week?

Depends, probably at least 20 hours.

3. What kind of hold'em do you play? (NL, R/F, Limit)

NL

4. Where do you play and why?

A lot of places, there are fish everywhere.

5. How big do you play? (A friend of mine makes a good $400 a week playing .50c/$1 tables)

2/4 NL

2 questions... What are the Avg pot stats on those 2/4 NL tables and why haven't you moved to big stakes if you are so successful?

 

[amoeba]

I would guess average potsize at those limits to be around the 150 to 200 range.

and those are pretty big stakes for online.

 

[BustaBust]

I do not know what everyone is talking about, but I'm interested in playing.
I tried PartyPoker, but didn't understand the N/L......etc and quit

 

[DBL]

Originally posted by: BustaBust
I do not know what everyone is talking about, but I'm interested in playing.
I tried PartyPoker, but didn't understand the N/L......etc and quit

Heh. Are you trolling for suckers coming across like a newb and w/ a name like BustaBust? Tell us which poker pro you are.

 

[Dudd]

Well, I'm probably have a very similar story to many online players. I bought in several times, lost it all. Bought a few books, looked them over during the summer and decided to give it another go when the new school year started. Bought in for 200, worked that up to 1200 within ~3 weeks. Since then, I've been on a slide. Got bad enough that my bankroll had shrunk to 130 dollars about two weeks ago. So, I stepped back, and looked at what I was doing. I kept a record of all my hand histories using a program called PokerTracker. I actually wasn't doing all that poorly in my main games, I was just playing above my head. So, for the last two weeks I've dropped down to the .5/1 limit games, and have been doing quite well. According to stats as of 5 minutes ago, I've played 16.32 hours at a rate of +10.32 an hour, multitabling of course. Per table, I'm averaging +3.38 per hour for a grand total of +168 over the last few weeks. I'd like to build my bankroll to around the 400 dollar mark before moving up to 1/2.

 

[BaboonGuy]

Originally posted by: Dudd
Well, I'm probably have a very similar story to many online players. I bought in several times, lost it all. Bought a few books, looked them over during the summer and decided to give it another go when the new school year started. Bought in for 200, worked that up to 1200 within ~3 weeks. Since then, I've been on a slide. Got bad enough that my bankroll had shrunk to 130 dollars about two weeks ago. So, I stepped back, and looked at what I was doing. I kept a record of all my hand histories using a program called PokerTracker. I actually wasn't doing all that poorly in my main games, I was just playing above my head. So, for the last two weeks I've dropped down to the .5/1 limit games, and have been doing quite well. According to stats as of 5 minutes ago, I've played 16.32 hours at a rate of +10.32 an hour, multitabling of course. Per table, I'm averaging +3.38 per hour for a grand total of +168 over the last few weeks. I'd like to build my bankroll to around the 400 dollar mark before moving up to 1/2.

For limit bankroll management you want to have 300BB (big bets) for the level you want to play before moving up. So for 1/2 that would be $600. If you get down to $300 at 1/2 drop back down to 0.5/1.

 

[Brackis]

Originally posted by: Dudd
Well, I'm probably have a very similar story to many online players. I bought in several times, lost it all. Bought a few books, looked them over during the summer and decided to give it another go when the new school year started. Bought in for 200, worked that up to 1200 within ~3 weeks. Since then, I've been on a slide. Got bad enough that my bankroll had shrunk to 130 dollars about two weeks ago. So, I stepped back, and looked at what I was doing. I kept a record of all my hand histories using a program called PokerTracker. I actually wasn't doing all that poorly in my main games, I was just playing above my head. So, for the last two weeks I've dropped down to the .5/1 limit games, and have been doing quite well. According to stats as of 5 minutes ago, I've played 16.32 hours at a rate of +10.32 an hour, multitabling of course. Per table, I'm averaging +3.38 per hour for a grand total of +168 over the last few weeks. I'd like to build my bankroll to around the 400 dollar mark before moving up to 1/2.

While it is a variable cost, you should factor in your time practicing, book costs, and reading time into any poker revenue's and profits you make, if you want a more realistic hourly profit tally. Not to rain on your parade, just trying to quantify things.

 

[BaboonGuy]

Originally posted by: Brackis

Originally posted by: BaboonGuy
1. How much do you make per week?

Depends, but a lot (think $1,000+)

2. How many hours do you play a week?

Depends, probably at least 20 hours.

3. What kind of hold'em do you play? (NL, R/F, Limit)

NL

4. Where do you play and why?

A lot of places, there are fish everywhere.

5. How big do you play? (A friend of mine makes a good $400 a week playing .50c/$1 tables)

2/4 NL

2 questions... What are the Avg pot stats on those 2/4 NL tables and why haven't you moved to big stakes if you are so successful?

I am dickin around in some bigger games as of late, but I'm pretty comfortable with where I'm at now. I am pretty busy nowadays with college, so I don't really have the time to move up. The avg pots are like... $30-$100 or something like that.

 

[amoeba]

Originally posted by: BaboonGuy

Originally posted by: Brackis

Originally posted by: BaboonGuy
1. How much do you make per week?

Depends, but a lot (think $1,000+)

2. How many hours do you play a week?

Depends, probably at least 20 hours.

3. What kind of hold'em do you play? (NL, R/F, Limit)

NL

4. Where do you play and why?

A lot of places, there are fish everywhere.

5. How big do you play? (A friend of mine makes a good $400 a week playing .50c/$1 tables)

2/4 NL

2 questions... What are the Avg pot stats on those 2/4 NL tables and why haven't you moved to big stakes if you are so successful?

I am dickin around in some bigger games as of late, but I'm pretty comfortable with where I'm at now. I am pretty busy nowadays with college, so I don't really have the time to move up. The avg pots are like... $30-$100 or something like that.

baboon, what is the max buy in for these 2/4 games? is it a deep stack game or a shallow stack game?

 

[BaboonGuy]

Originally posted by: amoeba

Originally posted by: BaboonGuy

Originally posted by: Brackis

Originally posted by: BaboonGuy
1. How much do you make per week?

Depends, but a lot (think $1,000+)

2. How many hours do you play a week?

Depends, probably at least 20 hours.

3. What kind of hold'em do you play? (NL, R/F, Limit)

NL

4. Where do you play and why?

A lot of places, there are fish everywhere.

5. How big do you play? (A friend of mine makes a good $400 a week playing .50c/$1 tables)

2/4 NL

2 questions... What are the Avg pot stats on those 2/4 NL tables and why haven't you moved to big stakes if you are so successful?

I am dickin around in some bigger games as of late, but I'm pretty comfortable with where I'm at now. I am pretty busy nowadays with college, so I don't really have the time to move up. The avg pots are like... $30-$100 or something like that.

baboon, what is the max buy in for these 2/4 games? is it a deep stack game or a shallow stack game?

$200 at some sites, $400 at most. No online NL games are deep stack, unless a few people triple up and duke it out.

 

[amoeba]

I used to play limit poker but it was just not exciting enough.

I built 50 buyin up to around 300.

then I moved to 25NL and started playing that.

I find that once you get the hang of NL, it is much lower variance than limit.

 

[BaboonGuy]

Originally posted by: amoeba
I used to play limit poker but it was just not exciting enough.

I built 50 buyin up to around 300.

then I moved to 25NL and started playing that.

I find that once you get the hang of NL, it is much lower variance than limit.

that is correct

 

[Dudd]

Originally posted by: Brackis

Originally posted by: Dudd
Well, I'm probably have a very similar story to many online players. I bought in several times, lost it all. Bought a few books, looked them over during the summer and decided to give it another go when the new school year started. Bought in for 200, worked that up to 1200 within ~3 weeks. Since then, I've been on a slide. Got bad enough that my bankroll had shrunk to 130 dollars about two weeks ago. So, I stepped back, and looked at what I was doing. I kept a record of all my hand histories using a program called PokerTracker. I actually wasn't doing all that poorly in my main games, I was just playing above my head. So, for the last two weeks I've dropped down to the .5/1 limit games, and have been doing quite well. According to stats as of 5 minutes ago, I've played 16.32 hours at a rate of +10.32 an hour, multitabling of course. Per table, I'm averaging +3.38 per hour for a grand total of +168 over the last few weeks. I'd like to build my bankroll to around the 400 dollar mark before moving up to 1/2.

While it is a variable cost, you should factor in your time practicing, book costs, and reading time into any poker revenue's and profits you make, if you want a more realistic hourly profit tally. Not to rain on your parade, just trying to quantify things.

Clearly. Hell, if you take into account all the hours I played getting it to 1200 and then letting it slide to 130, I'm probably making a dollar an hour at most. That's just my hourly rate over the last two weeks or so.